Junior Quantitative Analyst

Job Posting Organization:
The European Bank for Reconstruction and Development (EBRD) is a prominent international financial institution established in 199

• The EBRD's mission is to foster the transition towards open market-oriented economies and promote private and entrepreneurial initiative in countries from Central Europe to Central Asia and the Southern and Eastern Mediterranean. The organization operates in over 30 countries and employs a diverse workforce of approximately 2,000 employees. The EBRD is committed to sustainable development and aims to support projects that enhance economic growth while ensuring environmental sustainability and social inclusion.

Job Overview:
The Junior Quantitative Analyst position is a critical role within the Risk Management division, specifically under the Model Validation unit. The primary purpose of this role is to assist in the validation and review of quantitative models that are essential for Treasury, Risk Management, and Controllers activities. This includes tasks such as recording Treasury trades, valuing collateral, measuring market and credit risk, and assessing economic capital utilization. The role requires a strong analytical mindset and the ability to work collaboratively with senior analysts and directors to ensure the integrity and accuracy of the models used in financial reporting and risk assessment. The Junior Quantitative Analyst will engage in various model validation tasks, contributing to the overall assurance process that mitigates model risk and supports the bank's financial objectives.

Duties and Responsibilities:
The Junior Quantitative Analyst will be responsible for several key duties, including:

• Contributing to the annual review of market data inputs into models, ensuring that the selected data feeds are accurately integrated into the relevant systems.
• Participating in the validation of internally developed quantitative models, which involves conducting code reviews, identifying errors, and implementing recovery strategies under the guidance of senior staff.
• Assisting in the review of new pricing codes, which includes performing consistency checks, verifying profit and loss explanations, and validating the numerical methods and payoff functions used in the models.
• Collaborating with various internal teams, including Treasury and Controllers, to ensure that model validation processes align with organizational objectives and regulatory requirements.
• Engaging in continuous learning and development to enhance technical skills and knowledge of quantitative finance and risk management practices.

Required Qualifications:
Candidates for the Junior Quantitative Analyst position must possess a strong set of qualifications, including:

• A Master's degree in finance, mathematics, or a related scientific discipline.
• Demonstrated strong analytical skills with the ability to interpret complex quantitative concepts and communicate them effectively.
• Proven drafting skills in English, with the ability to articulate technical information clearly.
• Familiarity with options pricing theory, stochastic processes, and Monte Carlo simulation techniques.
• A basic understanding of major capital market instruments across various asset classes, particularly derivatives, including credit derivatives and hybrids.
• Proficiency in programming languages such as C++, Python, Matlab, or R is highly desirable.
• Previous internship experience in a related sector is preferred.
• Excellent communication and interpersonal skills, with the ability to collaborate across different levels and functions within the organization.

Educational Background:
The educational background required for the Junior Quantitative Analyst position includes a Master's degree in finance, mathematics, or a related field. This advanced degree is essential as it provides the foundational knowledge and analytical skills necessary for the role. Candidates should have a strong grasp of quantitative methods and financial theories, which are critical for effective model validation and risk assessment.

Experience:
The position requires candidates to have at least internship experience in the finance or risk management sector. This experience should ideally involve exposure to quantitative analysis, model validation, or related activities that demonstrate the candidate's ability to apply theoretical knowledge in practical settings. The role is designed for early-career professionals who are looking to develop their skills further in a dynamic and challenging environment.

Languages:
Proficiency in English is mandatory for this position, as effective communication is crucial for collaboration and reporting. While English is the primary language required, knowledge of additional languages may be considered an asset, particularly if they relate to the regions in which the EBRD operates. This could enhance the candidate's ability to engage with diverse stakeholders and clients.

Additional Notes:
The Junior Quantitative Analyst position is a full-time role with a regular contract type. The contract length is not specified, but the posting end date for applications is set for March 24, 202

• The EBRD promotes a flexible working environment, expecting employees to work in the office approximately 50% of their time. The organization values diversity and encourages applications from qualified candidates regardless of their background, ensuring an inclusive workplace culture. Compensation and benefits details are not specified in the job posting.